Saudi Home Loans Co. Announces the Results of the Extraordinary General Assembly Meeting, ( First Meeting )
| Element List | Explanation |
|---|---|
| Introduction | The Saudi Home Loans Company Announced the results of the Extra General Assembly (First Meeting) held at 6:30 PM on 14th February 2023, corresponding to 23/07/1444 in the company Head office in Riyadh, by using the electronic means through using Tadawlaty Plate Form, after achieving the required Quorum for the meeting of the Extra General Assembly. |
| City and Location of the General Assembly's Meeting | Head Office of the Company, King Abdelaziz Road 8246, P.O. Box 27072 Riyadh 11417 , by electronic means through using Tadawlaty Plate Form. |
| Date of the General Assembly's Meeting | 2023-02-14 Corresponding to 1444-07-23 |
| Time of the General Assembly's Meeting | 18:30 |
| Percentage of Attending Shareholders | 80.90806 |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | The names of Board members who attended the Extra General Assembly:
1- Mr. Yousef Abdullah Al Shelash 2- Dr. Ahmed Bin Saleh Al Dehailan 3- Mr. Ayham Mohammed Al Yousef 4- Mr. Othman Khairi Bader 5- Mr. Kamal Amin Khodr 6- Mr. Saud Abdulaziz Al Qusayer 7- Mr. Faris Ibrahim Al Humaid
The following Board members were not able to attend the meeting: 1- Mr. Obaid Abdullah Al Rasheed 2- Mr. Ziad Naeem El Chaar 3- Mr. Abdullatif Abdullah Al Shelash |
| Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf | The names of the Board Committees Chairmen who attended the meeting:
1- Mr. Ayham Mohammed Al Yousef (Chairman Of the Executive Committee and Chairman of the Nomination and Remuneration Committee) 2- Mr. Faris Ibrahim Al Humaid (Chairman of the Credit and Risk Management Committee) 3- Dr. Mohammad Sulaiman Al Aqeel (Chairman of the Audit Committee) |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | The results of the Extra General Assembly agenda as follow:
1- Approval of the amendments of Article no. (2) of the Company Articles of Association from Saudi Home Loans Company (Joint Stock Closed) to SHL Financing Company (Joint Stock Public).
2- Approval of the amendments of Article No. (3) of the Company Articles of Association regarding the Company’s Activities.
3- Approval of the amendments of Article No. (40) of the Articles of Association of the Company regarding the Audit Committee constitution.
4- Approval of the amendments of Article No. (48) of the Articles of Association of the Company regarding profit distribution.
5- Approval of the election of the Board of Directors members from the Nominees list for the new Board Term starting from the date of the Extra General Assembly on 14th February 2023 up to the end of the Term on 27th November 2025. The following Board members were elected: 1) Mr. Yousef Bin Abdullah Al Shelash 2) Mr. Obaid Bin Abdulla Al Rasheed 3) Dr. Ahmed Bin Saleh Al Dehailan. 4) Mr. Kamal Bin Amin Khodr. 5) Mr. Ziad Naeem El Chaar. 6) Mr. Othman Bin Khairy Badr. 7) Mr. Ayham Bin Mohammed Al Yousef. 8) Mr. Saud Bin Abdulaziz AL Gussaier 9) Mr. Faris Ibrahim Al Humaid. 10) Mr. Abdulelah Bin Saleh Al Shaikh. 11) Mr. Abdulaziz Bin Saleh Al Anber
6- Approval of the formation of the Audit Committee members and outline its tasks, its responsibilities, and the remuneration of its members for the new term starting as from the date of the Extra General Assembly on 14th February 2023 up to the end of the Term on 27th November 2025. The following members names were appointed: Dr. Mohammed Bin Sulaiman Al Ageel Dr. Ahmed Bin Saleh Al Dehailan Mr. Yazeed Bin Omer Al Sowailem Mr. Thamer Bin Musfer Al Wadey Mr. Suad Bin Abdulaziz Al Gussaiyer
7- Approval of the Board and Board Committees members compensation as recommended by the Nomination and Remuneration Committee (NRC) as per the Compensation and Remuneration for the Board, Board committees and Executive Management Policy for total amount of SAR 4.125MM as from 1st January 2022 up to the end of the Term on 27th November 2022.
8- Approval of the Company Social Responsibility Policy.
9- Approval of the internal charter of the Audit Committee in compliance with the Central Bank principles of corporate Governance for financial institutions and other Regulatory bodies outlining its tasks, membership, and rules governing its performance and compensation of its members.
10- Approval of the internal Charter of the Nomination and Remuneration Committee (NRC) in compliance with the Central Bank principles of corporate Governance for financial institutions and other Regulatory bodies outlining its tasks, membership, and rules governing its performance.
11- Approval of the Board of Directors and its committees acts as from the date of the expiry of the Board Term on 27th November 2022, up to the date of holding the Extra General Assembly Meeting on 14 February 2023. |
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